In the fast-changing policy arena of a country as diverse as India, gauging regional implications of policy shifts is critical but challenging. E3-India is a policy evaluation tool based on the internationally recognized E3ME global model, that allows for iterative quantification of multiple policy options within an integrated economy-energy-environment framework to support wellinformed progressive policy choices at the regional level. This book provides comprehensive coverage of creating and using E3 modeling framework for regional policy analysis, which is available in public domain for the first time in India, addressing existing flagship Government of India policies, including but not limited to the Make in India initiative, Digital India initiative, Automotive Mission Plan, Nationally Determined Commitments under the Paris agreement, and the Atmanirbhar Bharat relief package. These studies have been designed to provide in-depth and lucid insights regarding choices for resource allocation by policymakers, thereby serving as a comprehensive guide for evidence-based policymaking in India.

This book is a compilation of selected papers from the Fourth International Technical Symposium on Deepwater Oil and Gas Engineering & The Third International Youth Forum on Gas Hydrate, held in Qingdao, China in December 2021. The work focuses on the advancement of techniques for the deepwater oil and gas exploitation and natural gas hydrate exploitation. The book introduces new ideas for exploring deepwater oil and gas hydrate in a safe and efficient way. Advances of the natural gas hydrate pilot production in South China Sea, in oil and gas flow assurance and emerging technologies based on clathrate hydrate will be presented. It is a valuable resource for both practitioners and academics working in the field of deepwater oil and gas engineering.

This is a global survey and assessment of the structure, evolution, and performance of water institutions administration policies and regulatory practices in regional, national, and international settings. The coverage includes analysis and discussion of the rationale for institutional innovations, based on case study findings; specific suggestions for sustainable institutional design; and recommendations for implementing institutional reforms.

Drawing on more modern expressions of economic analysis, this book explores the interplay between wellbeing, nature and moral values in economics. In standard accounts of economics, these three themes are typically treated in isolation from each other, or else overlooked entirely. This book argues that due to this blinkered approach, standard economic analysis is poorly equipped to deal with global contemporary challenges including climate change, biodiversity loss, sustainability, and the risk of pandemic diseases. The book reviews the economic literature to show that the last few decades has seen the re-insertion into economic analysis of human wellbeing, natural resources and moral values: three themes present in early economic thought that are highly relevant to the challenges ahead. The book argues for the greater integration of these three themes as the natural environment is crucial to human wellbeing, and moral values are essential for environmentally benign behaviors. The book also focuses on how specific moral values, identified by contemporary moral psychology, actually shape economic behavior rather than how abstract ethical principles they should shape economic behavior. The book will be of significant interest to readers in the economics and social sciences, particularly behavioral economics and social psychology.

Oil and Gas in Trinidad and Tobago presents a historical economic review of the energy sector of Trinidad and Tobago, followed by a detailed evaluation of policies associated with resource abundance and the effects on the economy from various perspectives, including industrialization, labor productivity, education, export diversification, and competitiveness. This book utilizes a wide range of statistical data and methodologies to both economically and statistically analyze these issues at hand. The content of this book will be useful not only for policymakers but also for researchers and students interested in the field.

This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today's water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.

While animal suffering and abuse have taken place throughout history, the alienation of humanity from nature caused by the development of capitalism - by the logic of capital and its system of generalized commodity production - accelerated and increased the depredations in scope and scale. The capitalist commodification of animals is extensive. It includes, but is not limited to: livestock production in concentrated animal feeding operations leather and fur production the ivory trade in which tusks are used for 'traditional medicines; or carved into decorative objects entertainment such as in zoos, marine parks, and circuses laboratory experimentation to test medicines, beauty products, pesticides, and other chemicals the pursuit of trophy hunting, sometimes on canned farms and sometimes in the wild bioengineering of livestock and of animals used in laboratories The contributors to this special issue of Research in Political Economy provide insightful analyses that address the historical transformations in the material conditions and ideological conceptions of nonhuman animals, alienated speciesism, the larger ecological crisis that is undermining the conditions of life for all species, and the capitalist commodification of animals that results in widespread suffering, death, and profits. This book is a must-read not only for political economists, but also for researchers interested in animal studies, environmentalism, and sustainability.

This book defines oil price as a social institution that exists beyond supply-demand mechanisms. Discussing oil markets in the context of the broader sociology of prices, it covers a number of theoretical and practical dimensions, such as new market uncertainties and trends, and social perceptions of energy security and of power. Further, based on case studies it explores the implications for OPEC, Russia, and Central and Eastern Europe, as well as for the energy transition and for international investment arbitration. Featuring contributions from leading academics, researchers and business professionals, the book offers an interdisciplinary perspective on the oil price. "This book brings together an impressive team of scholars with fresh perspectives on the oil price. Even as the world attempts energy transition, oil consumption continues and the oil price is likely to become even more unpredictable and unclear than in the past. This book helps make sense of this challenging topic." -Indra Overland is a Research Professor and Head of Centre for Energy Research, Norwegian Institute of International Affairs (NUPI) "A revealing and multidimensional analysis of oil price fluctuations in a market that seeks less uncertainty. This book discusses market and price evolution in the context of market theories, history and real-time market analysis. A welcome and timely contribution to our understanding of global energy markets." Dr. Sara Vakhshouri is Founder and President of SVB Energy International and Professor of Energy Security at the Institute of World Politics.

This book explores the impacts of current mining licensing regimes in Africa and how they influence sustainable development principles. International law and conventions on mining are used as a lens to examine a regionalized perspective of the history of mining law and customary land law. Alternative approaches are then suggested, through a comparative and sovereignty-based study of mining laws and policies, to see how the challenge of uneven development can be combatted using minerals. This book aims to highlight how mineral possessions can transform communities if the economic policies, customary law structures, and the geopolitical landscape guarantee inclusivity and equal partnerships. It will be relevant to researchers and policymakers interested in mineral economics, mining law, and African economies.

This book provides an in-depth assessment of the modern geopolitics of hydrocarbon resources in the territorial waters of the Eastern Mediterranean, highlighting the current conflicts and disputes in the maritime territories of Egypt, Israel, Lebanon, Cyprus, and Turkey. Further, these geopolitical aspects are analyzed within the broader context of the tensions between and competing interests of big powers such as the USA, Russia, and the European Union. To what extent can major powers influence regional actors and guide them toward rational outcomes? To what extent can economic self-interest contain nationalistic impulses? What are the most practical and sustainable ways of promoting win-win scenarios? This book focuses on such questions and presents a number of clear policy guidelines to help the conflict-laden Eastern Mediterranean region gain a more peaceful and sustainable footing for the greater benefit of the peoples living there.

This study investigates the complex link between natural disasters, individual behaviour - in the form of an individual's risk-taking propensity and level of trust - and the demand for microinsurance. Developing countries are particularly vulnerable to the impacts of natural hazards and climate change as they affect their development processes and set back poverty reduction efforts. Using a unique data set for rural Cambodia based on a survey, experimental games and a discrete choice experiment, the study highlights the importance of perceptions, expectations and psychological factors in decision-making processes with substantial consequences for long-term economic perspectives and poverty alleviation.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Energy policies play a pivotal part in helping countries achieve their sustainable development goals. Further, energy is one of the critical raw materials in companies' production processes. Therefore, ensuring a steady energy supply is essential to increasing production; otherwise, countries will inevitably slide into recession. In this context, countries should select their energy policies on the basis of a comprehensive analysis. In order to achieve this goal, many different factors must be considered at the same time.The aim of this book is to determine the right energy policies for the sustainable economic development of countries. In this framework, effective strategies for different types of energy will be presented and vital issues such as determining the right locations for nuclear power plants, providing optimal government incentives to increase clean energy investments, and determining appropriate energy policies to reduce energy dependence will be examined. Thus, country-specific optimal energy policies will be outlined, contributing to the achievement of the UN's sustainable development goals (SDG).

This book aims to inform better energy policy in hydropower dependent countries which are vulnerable to climate shocks. It focuses on the impact of increasing energy insecurity as global warming affects a fifth of the world population living in hydropower dependent countries facing drought. It uses Zambia as a case study. The book offers supply-side and demand-side recommendations at the national, continental, and global level and contains original data collected to highlight the impact of power outages on manufacturing firms.

Many people have serious concerns about the environment and wonder whether solving environmental problems is compatible with continuing economic growth. This book provides an in-depth exploration of a proposed reform to the national tax system, whereby the burden of taxes is shifted from conventional taxes, such as those levied on labour and capital, to taxes on environmentally related activities, that involve resource use, particularly energy, or environmental pollution. There is some experience of such 'environmental tax reform' (ETR) in Europe, and the book briefly reviews this before considering how a more ambitious ETR in Europe could substantially reduce greenhouse gas emissions and material flows through the economy, while stimulating innovation and investment in the key 'clean and green' sectors of the economy which seem likely to play an increasing part in the creation of prosperity in Europe and elsewhere in the future.
Case studies of renewable energy, construction, fuel-efficient vehicles, and waste management in Germany show how these fast-growing sectors are making an increasing contribution to employment, output, and exports in the German economy, while improving the environment. The book explores the implications of introducing it on a much wider scale throughout the European Union. A unique modelling exercise, using two macroeconomic models, delivers varied and complementary insights into the economic and environmental results of a large-scale ETR in Europe, and its effects on and implications for the rest of the world. The modelling suggests that such a policy has a key role in the achievement of Europe's targets to reduce its greenhouse gas emissions, and, if implemented with cooperative policy in other countries, could significantly reduce global emissions.
The book is essential and hopeful reading for anyone who has wondered how, with today's intensifying environmental challenges, economic growth could become more environmentally sustainable.

Economic growth and increasing population impose long-term risks to the environment and society. Approaches to address the impact of consumption and production on bio-diversity loss, resource availability, climate change, and mounting waste problems on land and in seas have yet not proven to be successful. This calls for innovative approaches to address the complex environmental, social, and economic interrelationships that have to be addressed in transforming to sustainable development. Sustainable Consumption and Production, Volume I: Challenges and Development aims to explore critical global challenges and addresses how consumers, producers, the private sector, international organizations, and governments can play an active role in innovating businesses to support a transitioning towards sustainable consumption and production. The book explores different approaches and innovations to address sustainable consumption and production. It details multiple social and economic contexts to the challenges and developments towards a sustainable consumption and production. The book is of interest to economists, students, businesses, and policymakers. Chapter 14 and chapter 15 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.

The analysis of the relationship between transport and environmental policy invites an interdisciplinary treatment and a variety of approaches, and rightly so. An important subset of the approaches used involves economic analysis. Economic approaches often consider pricing policies, attempting to evaluate their effectiveness in comparison with more traditional measures such as command and control' regulation and directed technological innovation. Another important subset of approaches involves simulation modelling, where key relationships are presented mathematically so that their influence can be quantified and their interrelationships discerned precisely. This book treats the intersection of these two subsets: simulation models with a strong economic content. This intersection defines a broad but powerful way to study environment and transport. Its breadth is illustrated by the wide range of policies treated here, from carbon taxes to speed limits. Its power derives from the way insights into interrelated actions and the role of markets - the strong points of economic theory - are cast into a form suitable for making quantitative predictions about the results of policies. Case studies are used to show how simulation models can be designed and used to quantify the effectiveness of economic policies in terms of transport systems management and environmental protection, the emphasis being on the role of the markets in tracing the many effects that policies have, both anticipated and otherwise.

This volume documents recent efforts to track the transformation and trajectory of silver during the early modern period, from its origins in ores located on either side of the Atlantic to its use as currency in the financial centres of continental Europe. As a point of comparison, copper mining and its monetary use in the early modern Atlantic World will also be considered. Contributors rely mainly on economic and economic history methodologies, complemented by geographical and cultural history approaches. The use of novel software applications as tools to explain economic-historical episodes is also detailed.

Our current economic systems have become addicted to growth at all costs, as measured by Gross Domestic Product (GDP). They assume that GDP growth is synonymous with increased wellbeing and prosperity. However, this approach has led to growing inequality, an escalating climate crisis, and the depletion of natural and social capital. Our approach to economics and development needs to be fundamentally transformed. New Challenges for Future Sustainability and Wellbeing is a collection of 25 studies about sustainability and the related challenges, such as income, wealth, social aspects, the environment, education and regional equality that influence the pace of economic development and deteriorates well-being of people and organisations all over the world. This book provides a platform for scholars, researchers and professionals from different disciplinary backgrounds to discuss, highlight and exchange ideas on these challenges and prospects for both economic and business development.

This volume gathers a selection of research contributions on Strategic Environmental Assessment (SEA), including theoretical and methodological studies and real-world case studies. It sheds new light on the respective steps in the procedure defined in the SEA Directive from theoretical and operational standpoints, intended to enhance the sustainability of plans and programmes adopted by local, regional and national authorities. Improving the legitimacy and transparency of decision-making in the field of environmental management was one of the goals that led the European Commission (EU) to adopt Directive 2001/42/EC on the assessment of environmental programmes' effects. This book provides a multidisciplinary approach to SEA, and addresses the demand for policies and strategies to strengthen resilience through concrete measures to reduce energy consumption, mitigate pollution, promote social inclusion and create urban identity.

This volume presents a timely recognition, warning and mapping of the fast approaching wave, or "bio-tsunami", of global socio-technical transformation, built by a much wider spectrum of converging powers, including biotechnology, new agriculture, novel foods, health, quality of life, environment, energy, sustainability, education, knowledge management, and design of smart applications. The book contains eight sections corresponding to different clusters of bioeconomic and socio-technical change, as identified by the editors' "Scanning the Horizon" foresight research; it also offers an integrated view of the future bioeconomy landscape though the convergence of several technologies that affect everyday life. The clusters offer methodologies for forecasting the future bioeconomy, and how these predictions can affect target-setting and the orientation of policies and actions to manage cultural and societal change, and achieve sustainable development in less developed areas. The book will be of interest to researchers, producers, logistics experts, policy makers, regulators, business and financial institutions, and biotechnologists (e.g. geneticists, food experts, etc.).

This book proposes strategies for improving the resilience and conservation of temperate forests in South America, such that these forests can provide ecosystem services in a sustainable way. As such it contributes to the design of a resilient human-forest model that takes into account the multiculturalism of local communities, in many cases including aspects of ecological economics, development economics and territorial development planning that are related to indigenous peoples or first nations. Further, it provides proposals for public and territorial policies that improve the state of conservation of native forests and forest ecosystems, based on a critical analysis of the economic factors that lead to the degradation of forest ecosystems in South America today. This edition was conceived by members of the Transdisciplinary Research Center for Social and Ecological Strategies for Sustainable Forest Management in South America at the Universidad Austral de Chile. It includes contributions by distinguished researchers from around the world, combining the fields of economics, ecology, biology, anthropology, sociology and statistics. It is not, however, simply a collection of works written by authors from different disciplines, but rather each chapter is in itself transdisciplinary. This approach makes the book a unique contribution to enhancing social, managerial and political approaches to forestry management, helping to protect forest ecosystem services and make them more sustainable. This, in turn, will benefit local communities and society as a whole, by reducing the negative externalities of forestry management and enhancing future opportunities.